Track the Latest Legal Sports Betting Updates in Tennessee

Timeline of Legal Sports Betting in Tennessee

Even with the steep tax rate of 20%, sports betting has grown by leaps and bounds in Tennessee. Below is the complete timeline of the legislative process to bring legal sports gambling to Tennessee.

July 1, 2019 - Even though Tennessee Gov. Bill Lee didn't sign off on the Tennessee Sports Gaming Act, he agreed to let the bill pass. Lee has been anti-gambling for most of his political career, so sports bettors within the state were gratefully surprised that sports betting was legalized.

November of 2019 - To write the state's regulations on sports betting, Tennessee puts together a Sports Betting Advisory Council.

April of 2020 - After loads of tedious revisions, the TELC finally approves the sports betting regulations. All sportsbooks are required to have a hold rate of 10% or they will be charged a hefty fee.

September of 2020 - Tennessee Education Lottery Corporation approves BetMGM, FanDuel, and DraftKings to operate within the state.

November 1, 2020 - All three Tennessee sportsbooks officially launch.

March of 2021 - William Hill (later rebranded as Caesars SportsBook) enters the Tennessee sports betting market with its mobile app.

April 30, 2021 - WynnBet goes live in Tennessee, giving residents of the Volunteer State another sports betting option.

January of 2022 - Tennessee announces that their total sports betting handle for 2021 was $2.7 billion. The total revenue brought in for 2021 was $198.5 million.

What SportsBooks Are Currently Offered in Tennessee?

Tennessee residents currently have 7 options available to them for sports betting. The state could add more sportsbooks in 2022 but the rather high 20% tax rate may scare away some potential candidates. Here is the list of the sportsbooks that are currently available:

• BetMGM
• FanDuel
• DraftKings
• Tennessee Action 24/7
• Barstool SportsBook
• WynnBet
• Caesars